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Aravis Sells 6.3-Megawatt German Wind Farm to EBM of Switzerland

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Nov. 7 (Bloomberg) -- Aravis SA, a renewable energy investor, sold a 6.3-megawatt wind farm in Brandenburg, Germany to EBM, a Swiss electricity producer.

EBM bought Powerwind Holding AG, the German owner of the Frehne I facility, from Aravis Energy I LP, a fund managed by the Zurich-based investor, according to a statement.

Powerwind has a 15-year, non-recourse project finance loan that funded the park’s construction. It was issued by two unnamed German banks, said Oliver Thalmann, managing partner at Aravis. Aravis has invested more than 200 million euros ($255 million) in renewable energy assets in the last two years, he said.

The project was commissioned in January. Further details weren’t disclosed.

To contact the reporter responsible for this story: Sally Bakewell in London at Sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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